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Search Results 0 to 37 of about 38 (some duplicates have been removed)
for these massive spending cuts that would come at the end of the year if we go over the fiscal cliff. the white house saying they don't expect we will. they still hope it can be prevented, but they have to start planning. also, speaker of the house john boehner meeting with small business leaders on capitol hill where he reiterated some of his key points. again, just within the past hour. take a listen. >> business owners with us today are here to highlight president obama's demand to raise tax rates instead of cutting spending. his plan will hurt nearly 1 million small businesses around our country. that will affect hundreds of thousands of jobs. >> reporter: and guys, there are republicans here on capitol hill who are urging the speaker to cut a deal with the president. i talked to one of the earliest republicans to say, you know what, let's take a the president up on his offer to extend the bush tax cuts for everybody under $250,000 and at least take that uncertainty off the table and then continue to negotiate the rest to have later. some of the republicans are now coalessing around that vi
to work. >> , come thank you. [applause] >> more about the impact of the fiscal cliff coming about as the joint chief of staff >> i think the writers institute is very important that in the culture. we are a culture of words, of the voices. the words are key to our imagination and a capacity to envision things. we ourselves are tied to print on the page. but i think there is no other art form so readily accessible that is something in literature and the just captures the human spirit. .. former chairman of the joint chiefs of staff admiral michael mueller joined former senators in the house armed services committee chairman this week to urge congress to avoid sequestration. also speaking over the next 50 minutes, arms services committee chairman sam nunn, ike skelton and the national security hosted this event in washington, d.c.. >> good afternoon. thank you for coming. my name is pete peterson. i would have given you a review of the foundation and why we are supporting the project you are here about today. starting about 30 years ago, after studying the profound demographic trend
. number one, he was questioned persistently about the fiscal cliff and had to come out and say what he said before we don't have the tools to deal with it if we go over it. that was a approximate stocks started moving down and secondly, the 6.5% unemployment rate. that's got a lot of people talking down here that we may be closer to that than a lot of people think. >> bob, that's only because people are leaving the workforce. that's how we're going to get there. if everybody decides to stop looking for work and stay home and watch soap operas then we'd have an unemployment rate of zero. >> that could be a factor in their decision making, i'm sure it will be, but i'm using the numbers actually out there, 6.5%. that number may be hit a little bit sooner. >> he said he was not going to stick to that if people keep leaving the workforce. >> right, just a guidepost, not a hard target. >> stephanie or randy, you know, another market that moved today was gold. >> yeah. >> moved higher after the fed's announcement. there are those who feel as they keep the rates this low for the foreseeable fu
that in just a few short weeks, the fiscal cliff is coming to town ♪ merry cliffmas. and with a dramatic name like fiscal cliff, it's got to be exciting. jim? >> the president's asking for $1.6 trillion in revenue. >> $600 billion in tax hikes. >> entitlement reform. >> dividends and capital gains. >> discretionary spending. [ cheers and applause ] >> i'm up. what happened? is it over? [ bleep ] >>> good morning. it's wednesday, december 12th. look at that shot of new york city. >> wow. >> it's dark at 6:00 on the east coast. welcome to "morning joe." with us on set here in new york city, we have msnbc contributor, mike barnicle. >> in my ear, mika. >> no, he was at the white house. >> i don't understand. where's t.j.? >> he's off today. >> why's that? >> he was busy. he went to the white house. >> that's great. you know, alex went to the white house, too. >> and drove back himself. >> let me get this straight. so alex goes to the white house last night. >> mm-hmm. >> because, you know, right-wing bloggers, we actually -- that's how we get our talking points. they go down -- valerie and david
. and the day is only half way over. well tell you what they said about the fiscal cliff and innovation coming up after the break. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. [ male announcer ] when it comes to the financial obstacles military families face, we understand. at usaa, we know military life is different. we've been there. that's why every bit of financial advice we offer is geared specifically to current and former military members and their families. [ laughs ] dad! dad! [ applause ] ♪ [ male announcer ] life brings obstacles. usaa brings advice. call or visit us online. we're ready to help. [ male announcer ] how could a luminous protein in jellyfish, impact life expectancy in the u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections o
't where we need to be yet when the it comes to abandoning all the hope. i think the postfiscal cliff world has -- not to matter. those people are polyannas. i think we go into a recession with lots of layoffs and the fiscal cliff was designed to compromise. the cliff was designed to scare legislators into rising above politics and compromise. everyone knew about the growth. just like in europe. means it could be, in fact, reduced dramatically. fewer jobs, larger deficit. not smaller. and the federal reserve that's throwing up its hands, can't do anything. as i said last night, it doesn't matter. we can pick our stocks and buy them down. like the fabulous names, amazon, ulta salons. buy them down in scales like i outline in the book "real money." now suggesting other groups giving you a bang for the buck. new groups betting that the hope will be squeezed out and the bottom gets put in before a deal is made -- or not. why not? we know the auto market is for 11 years now and we have been sweet on ford domestically. before sandy. where are we internationally? europe. what are some of the other
. >> 40 minutes past the hour. it's all quiet on capitol hill. when it comes to the looming fiscal cliff crisis that could be a good thing. in 21 days we go over that cliff and four days to get a deal done before they head to christmas break. drastic tax hikes and spending cuts loom. cnn political reporter shannon travis jones us live from washington. what are you hearing? >> well, we're hearing that the negotiations are continuing, zoraida. exactly what those negotiations contain, what's actually happening in them, we're unclear of. so we know that president obama and house speaker john boehner had that one-on-one meeting on sunday, it was their first since mid-november. discussions have continued but, again, very light on details. both sides yesterday put out statements from a public and then from the white house. very light on details. i'll read just one of them for you. quote, discussions with the white house are taking place but we have no detail to share about the substance of those conversations. the republican offer made last week remains the republican offer and we continue to w
is because, come the fiscal cliff moment, that if he goes over, that they are going to save the backsides of the wealthy 2% of americans. i probably shouldn't but i do. >> speaking as a reagan conservative, i must say i rather agree with you. probably shouldn't. but i do. i think divided government is very difficult. and there's some principles that speaker boehner is fighting for, with which i actually agree. but i think politically, the risk here for the gop, is they've become the party of rich people. and they give up the middle-class to the democrats. and i think you saw some of that in the presidential election. i don't think that's their intent. i think their tax reform intent is quite sound. but the way this is playing out, i think that's a big risk for them. >> they're becoming the party of rich, white, older men, is what it seems to me. you can't think of any other section of american community that right now is thinking the republican party's for me. this isn't be a good place for them to find themselves. >> i think that's why the politics of this are, you know, make it quite po
immediate crisis. >> when it comes to the fiscal cliff that is threatening our economy and threatening jobs, the white house has wasted another week. >> reporter: democrats show no signs of backing off from supporting the president' hard line stance on raising the income tax rate on the rich. >> we democrats realize there has to be two sides to this bargain, but we're not going to go back to what bewy did in 2011. we put both revenues and cuts on the table. >> reporter: but despite the impasse in washington, the director sees promising signs that the economy may be improving. for the fiscal crisis she recommended a balanced solution, spending cuts combined with an increase in tax revenue. el geth corridan, kutv charles. >>> quarter of an inch assembly leaders say there is no plan to end a controversial practice of changing voteds after a bill passes or fails. half of those sworn into the assembly are new to the job and the associated press reports that during the past session assembly members changed their votes more than 5,000 times. the practice does not affect the outcome of a bill, but
, ross. i mean, you don't really know what is going to come out of the u.s. fiscal cliff, how damaging potentially that can be to u.s. confidence, u.s. activity. things seem to be holding up fairly well in china. but i think there is still going to be some concerns about the whole performance of the asian economy and whether that can actually pick up next year. and then, of course, in the eurozone itself, we seem to be mending the problems progressively and taking out the tail risks, which i think is good and that is the bottom line that investors should take going further forward, but at the same time, there are some elements that you can have. if you do a forecast, in a way you could come up with something like 1% quotes for next year, but at the same time, you have to be conscious that we've had such a battery of downside impact, downside negative news coming through really for all economists in the western world in the last few years. you have to be very cognizant of those. >> i think so. julian, we're going to leave because we have to get a break in and we've got to g to egypt as
a symbol crash? what's coming up? >> kneel kashkari says it's not a fiscal cliff, it's a hill but he's buying stocks and has specific names and a deeper dive into the prospect of exporting natural gas, what happened to this manufacturing renaissance that cheap gas is supposed to provide in the united states. we'll get into the issue. >> we've not covered enough of europe. >> there is a possibility the italian government could fall. >> the "b" word, berlusconi, incredible. see you later. if you're just joining us here is what you missed earlier this morning. >> welcome to hour three of "squawk on the street." here is what's happening so far. >> a sound fiscal position is necessary to protect the economy. >> okay. >> if we don't do that, as this economy recovers, that recovery is going to be aborted and that's going to do damage. >> 370,000, a drop of 25,000, because the 393 originally released last week was upgraded a couple of thousand. >> people are truly perplexed about what the stock is, where it got to, what do you do with it. >> so you can come up with a million reasons. it's ma
operation twist is coming to an end. b, because we have the fiscal cliff or fiscal gentle slope or whatever it turns out to be to negotiate and c, because we haven't found our legs in the u.s. and we clearly have some global headwinds coming in 2013. however, the thing about this qe in the u.s., unlike previous ones where they could see big economic problems, let's comfort the market with a really big number, this time we're going to do it month by month. solo the annual figures look very big, they're going to halt qe as long as it looks like there's inflation. >> which means there might not be much market reaction as investors realize that. >>> find out what travelers are still flocking to the shores and how much of that money contributes to eugdp. be back in a few minutes. can i ? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on grou at fedex office. >>> these are the headlin
of dysfunctional people in washington d.c. and this fiscal cliff. you won't take my life. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12 years. aids is strong. aids is strong. but we are stronger. and aids... ♪ aids is going to lose. aids is going to lose. ♪ five days later, i had a massive heart attack. bayer aspirin was the first thing the emts gave me. now, i'm on a bayer aspirin regimen. [ male announcer ] be sure to talk to your doctor before you begin an aspirin regimen. [ woman ] learn from my story. >>> this week, we made a good faith offer to avert the fiscal crisis. now we need a response from the white house. we can't sit here and negotiate with ourselves. >> that is president obama and the democrats to save you for being higher taxes. >> this fiscal cliff thing, the problem with the republicans larry, is that they have been boxed in by the democrats into a difficult position where th
the simpson bowles. >> pam has sent it to the public. that if it goes over the fiscal cliff republicans are prepared to make the middle class pay more tax paying more. and that is a very bad position for the republicans to find themselves in isn't it? >> sit a very bad position for them to find themselves in. the fact of the matter is, it isn't true. the taxes on the wealthiest americans, it doesn't address the core problems. the $16 trillion comes from government over spending and we have slow growth. raising the taxes on anybody whether it is on the poor or the other americans doesn't solve the problem. let's get in and figure out what the key problems are and solve those. i made an analogy earlier to giving a kid more allowance. i stopped paying them. >> i mean un believable. so kate, middleton, is in hospital with this morning sickness and revealed that she is pregnant and some dumb aussie dejay rings up with this accent and they think it is the queen of england land. have you ever heard of something so ludicrous? >> i thought it was you. >> of all the problems in the world this is
by the inability of congress to come together on solving the fiscal cliff, the so-called fiscal cliff. we understand that this needs to be avoided. going off the fiscal cliff could cause a major damage to our economy. if we take no action by january 1, as i'm sure most people are now aware, tax rates will go back for all taxpayers to the pre-bush tax rates. the alternative minimum tax that shields tens of millions of americans from paying extra income taxes will expire and millions of americans will be subject to extra taxes. the unemployment insurance program will come, the extended benefit program will come to a halt, the payroll tax holiday will end and individuals' take-home pay will be reduced. we have a serious problem on medicare reimbursement to our physicians. they would be subjected to a significant cut, close to 30% which would have an impact on seniors and our disabled population having access to physician care. and we would go through what's known as sequestration which is across-the-board cuts to almost all federal programs ranging from 8% to about 10% across the board cuts.
the fiscal cliff. >> this isn't a progress report because there is no progress to report. when it comes to the fiscal cliff that is threatening our economy and jobs the white house has wasted another week. secretary geithner came here to offer a plan that had twice the tax hikes that the president campaigned on and had more stimulus spending than in cuts. and an indefinite increase in the debt limit like for ever. now four days ago we offered a serious proposal based on testimony of president clinton's former chief of staff. since then there has been no count offer from the white house. instead reports indicate that the president has adopted a deliberate strategy to slow walk our economy right to the edge of the fiscal cliff. instead of reforming the tax code and cutting spending, the president wants to raise tax rates. but even if the president got the tax rate hike that he wanted, understand that we would continue to see trillion dollar deficits for as far as the eye can see. washington has got a spending problem, not a revenue problem. if the president doesn't agree with our proposal
cliff panic before thursday. which person's going to come on wednesday and create the buying opportunity for cvs? phillips 66 reminds uz house smart it was to break up the old conoco phillips and perhaps put some focus on how hess could be next. united technologies will give us aw fiscal cliff update and a sense of how aerospace is doing now that goodrich, a premium supplier to 'o'space, is part of the family. on friday scotts miracle grow. endless excuse making for missed quarters. can they explain the poor execution? i'll listen, but frankly i doubt it. also on friday we get november industrial production and capacity utilization numbers. did november really matter or was it all sandy? i think prices were stagnant. but i want to try to figure out whether the new boom in cars and homes could impact industrial production and capacity utilization no matter what. i'm trying to understand the unemployment number today. after these numbers that we get now, after those we're going to be officially on recession watch going forward, meaning that we expect all the good numbers to kind of let's s
not faced a grand jury or been indicted. >>> let the countdown continue. 26 days until the fiscal cliff. the focus has been on taxes but that's only half of what this is all about. the other ways you could be affect, coming up. to test the 2.0-liter turbo engine. [ engine revs ] ♪ [ derek ] 272 horsepower. the lightest in its class. the cadillac ats outmatches the bmw 3 series. i cannot believe i have ended the day not scraping some red paint off on these barriers. ♪ [ male announcer ] the all-new cadillac ats. your soups are so awesomely delicious my husband and i can't stop eating 'em! what's...that... on your head? can curlers! tomato basil, potato with bacon... we've got a lot of empty cans. [ male announcer ] progresso. you gotta taste this soup. sven's home security gets the most rewards of any small business credit card! how does this thing work? oh, i like it! [ garth ] sven's small business earns 2% cash back on every purchase, every day! woo-hoo!!! so that's ten security gators, right? put them on my spark card! why settle for less? testing hot tar... great businesses dese
are holding the global economy hostage over the fiscal cliff.
: i thank the gentleman. obviously we are coming here to meet, we're focused on the fiscal cliff, but there are other things that we could be hopefully resolving in the te that we have available to us between now and the end of the year and i would hope we would do that. unless the gentleman has other comments, i will be pr >> former congressman jack brooks died. he was remembered on the house floor. in a moment of silence honoring our colleague, the honorable jack brooks, former dean, who passed away yesterday evening at the age of 89. jack brooks was a fellow texan and a good friend who served 42 years in congress. he was leader dedicated to bettering our country and will be sorely and dealer missed by his family, friends and this congress. mr. hall: i urge one minute of silence. the speaker pro tempore: members , please rise for a moment of silence. >> >> it implies to me that we have something missing in our brain. if white americans can get by the's to "vogue", what are you telling black people? somehow, they are not good enough? they are less? that is what bothers me about
this essential issue that is coming before the people of this country as described to be a fiscal cliff. quite frankly, we need to look back at alice in wonderland to see from where we have come. and in the case of alice in wonderland, there is a line that says, if you don't know where you're going, any road will get you there. and certainly in the case of congress, the republicans have laid out a road, it's a road back -- road map for america's future. it is designed by our house budget committee, chaired by congressman paul ryan from wisconsin. and it lays out a plan for spending. it lays out a plan to sustain the viability and vitality of social security and medicare and medicaid into the future, to make sure that seniors now can enjoy the benefits that they've earned through social security, medicare and medicaid. and that the young people who are paying for it now will have those benefits available to them when they retire or when they need them. that is our road map to america's future. that is our budget. it passed this house unanimously through members of congress who are of the republ
parties can't get together to come to agreement on avoiding the fiscal cliff. it's as if some are in denial that there was an election and that the president won reelection. and that a whole bunch of us won reelection to the senate and to the house. it's as if the ideological rigidity is still indoctrinaire. and the lesson as that the people were telling us about -- and the lessons that the people were telling us about bipartisanship, that they demand bipartisanship, as if the parties and their leaders didn't understand that that's what the american people were demanding. and here, as the drumbeat grows louder as we approach december 31st and falling off the fiscal cliff. now, there's an easy cliff, whatever your ideology and your approach to this. it can be hammered out next year when we are doing major things, such as a rewrite of the i.r.s. tax code and all that that can portend in producing revenue. by making the code more streamlined and in the process get rid of a lot of the underbrush, loopholes, utilize that revenue to lower rates. but that's for another day after long
to two major issues. if we can get this fiscal cliff issue resolved, then we are looking at a pretty optimismic outlook from our members. but if we don't get the fiscal cliff, almost 60% said they'll be looking at cutting jobs and/or layoffs. >> cfos are notoriously less sang win than ceos. it's not particularly surprising that this group is expressing some contingency plans. but on average, they expect the u.s. to add of a million jobs next year. so kind of a divide here between the view that on the other hand things are getting better and on the other hand there's a big uncertainty out there still. >> i think finance people always want to balance the book and ceos tend to be more optimistic than the finance people. i think even the optimists think if we can get beyond the fiscal cliff it will be positive. but we have to get a long-term budget deficit deal done or we'll continue to be in the slow growth type of economy. >> it's clear everything wants the confidence going forward. when it comes to how they might react to any pressure in the near term, can you explain, you know, wheth
and house speaker boehner and we'll learn if nell they'll tell us about the fiscal cliff. >> and christmas cards and decorating trees and all that, i'm still not happy. >> was is charlie brown depressed? may maybe-- greg gutfeld weighs on the double standard. and-- >> we're going to have to see the rates on the top 2% go up and we're not going to get a deal without it. >> virginia congressman on whether the president is willing to go over the fiscal cliff so he can blame the g.o.p. >> plus, olympic gold medal winning gabby douglas on the role of faith in her triumph. ladies and gentlemen, governor mike huckabee. [applaus [applause] >> thank you very much, great audience. welcome to huckabee from the fox news studios in new york city. [applause]. well for the past few weeks, i've traveled to about 48 city signing dear chandler, dear scarlet and i met several thousand who watched the show every week, it's.that americans are-- and many of you are wondering if your kids and grandkids are going to have a better life than you. and what i heard over and over our leaders aren't leading and the el
said gene sperling would be joining us after this discussion. he was in the midst of the fiscal cliff negotiations, so hopefully he will tell us how he is protecting these important investments. >> next, a conversation about spurring investment in the marketplace. this is hosted by the center for american progress. this is 55 minutes. >> that is a really tough act to follow. >> for sure. >> we have a challenge. i am al hunt. i am delighted to be here. let me tell you one quick story about our host. when i met neera when she was policy director for hillary clinton and barack obama, i did a column or i refer to her as the sugary ray robinson. he was a pound for pound the greatest boxers. she was the sugar ray robinson of policy record. everytime i see here i say "hi, sugar." >> i was wondering why you said that. >> well, when my younger reporters heard this and it to a colleague "it is just a different generation." i am sorry, sugar. >> well -- andwhat i'm glad you explained that. >> it is terrific to be here. what a great panel. glenn hutchins is the founder of silver lake. he is a tre
to go over the fiscal class. the fiscal cliff is big austerity -- you get $7 trillion in deficit reduction over 10 years. but you do not do it you really want to do it. when it comes to the baseline, you have to work together as part of an agreement to get to the right baseline. that does not mean it is not real world deficit-reduction. it is. does it mean it is better than current law? maybe not. but there is agreement that current law, including the fiscal cliff, is not the best way. >> we have our baseline. deficit to gdp? >> did i say that? >> just to be clear -- if you look to the 10-year period on the current base line and get under 1% deficit to gdp in 10 years -- >> because you get seven years of debt reduction under current law. >> if anyone wants to read more, please read the piece on what it takes. i thank you all for being here today. one reason we have to end is these poor people will be so instrumental in getting us out of this mess that we have to get them back to work. them back to work.
the fiscal cliff? [laughter] >> this is off the record? >> just us. >> there is no reason the country should not be able to come together and overcome the dysfunction to have a broad, fair agreement revenues from those who can afford it most and the type of entitlement reform that we need to gather to be part of a balanced deficit reduction package. everyone has to realize compromise is not a dirty word. there's just no reason. they're the reason it should come to that. i will connect a slightly to our discussion here in two points. one reason you want to have an agreement that does include the type of significant revenues and mandatory savings is that because we cannot come to an agreement on that, we continue to cut too deeply into some of the domestic discretionary where a lot of our investment in the future comes from. i agree completely with what senator alexander said about the and portents -- about the importance of our andy in breakthrough technologies -- of research and development that would not get funded simply because no individual actor can capture the benefits of the research
to 7.7%. that being shaded on what is going on with decisions by the fiscal cliff. another economic news this morning, a story in the wall street journal looking at general motors. it says -- earlier this year, 675,000 vehicles a in inventory. houston, texas, this is eric. caller: i am if first-time caller. years or 22 years old. i have spent of this entire year try to educate myself a lot more on the whole -- let me get right to the point. i think it should be a state decision. the supreme court should allow the states to make the kind of a decision. giving more people -- in giving more power to the government to regulate this on a national level will create so many issues down the road, and it probably a lot of issues in the immediate -- the reason we even got to this. is because we get some much power to the government to regulate all of the different things and issues. giving them more power is just going to create more problems. my basic thought is, more government power, more issues. host: we will leave it there. victor on the republican line. caller: i do not think the suprem
. >> the joint economic committee today heard from the two economists on how to deal with the fiscal cliff. marchese said tax increases are necessary to reduce the deficit. senator bob casey of pennsylvania chaired the hearing. >> the committee will come to order. we want to thank everyone for being here today. i did not have a chance to personally greet our witnesses, but i will have time to do that later. i want to thank both of our witnesses for being here. i will have an opening statement that i will make, and then i will turn it to dr. burgess. i know that vice chairman brady will be her as well. we know the challenges that we confront here in congress on a whole range of issues which are sometimes broadly described under the umbrella of the terminology, fiscal cliff -- when we confront those difficult challenges, we have to ask ourselves a couple of basic questions. one of the basic questions we must ask is, what will be the result and will be the impact as it relates to middle income families? what will happen to them in the midst of all these tough issues we have to work out? we kn
% of some sort of deal would be reached to avoid the fiscal cliff and i know it's hard to read the tea leaves because in the meantime you have these offers that are not serious. it's like fiscal cliff bungee jumping. i believe the odds are good that there'll be some sort of deal made. >> let's get into the longer-term deal which i think almost everyone agrees, entitlement reform and tax reform is going to take place in 2013 and maybe 14. it's a long process but just in the short term, can the republicans, can enough republicans while a win say we don't like it but we will have to go along for now whether it's 39.6% rate in comeback with the promise next year of trying to lower it and broaden the base? >> i would much prefer we do the kind of reform that i laid out in a bill a few weeks ago, not inking this bill would become law but this bill would show a path forward with $4.5 trillion in savings. i think that, in the event that the house feels that when they see that the senate is obviously controlled by the democratic party and the democratic president, he basically have a president,
Search Results 0 to 37 of about 38 (some duplicates have been removed)